Air Products Avoids Most COVID-19 Turmoil as Big-Ticket Projects Blossom

SUGAR LAND--November 12, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial gasses company Air Products and Chemicals Incorporated (NYSE:APD) (Lehigh Valley, Pennsylvania) is keeping its head above water as many of the industries it serves, such as refining, metals and manufacturing, struggle to stay afloat amid the COVID-19 pandemic. Although the company's recently ended fiscal fourth-quarter net income was down 5% year-over-year at $495 million, sales of $2.3 billion were up 2% and executives were looking forward to a post-pandemic resurgence in demand. Industrial Info is tracking nearly $60 billion in active Air Products projects worldwide, including $2.3 billion worth in the U.S.

Within this article: Details on some of Air Products' highest-valued projects, including a steam methane reformer (SMR) in Texas, an SMR addition at a hydrogen complex in Louisiana, and a heralded hydrogen-based ammonia production facility in Saudi Arabia.